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Aptus Value down 13% in 2 days as it denies merger talks with Cholamandalam

On Monday, the stock price of Aptus had zoomed 19 per cent on report that Cholamandalam Investment and Finance was looking to buy controlling stake in the company

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SI Reporter Mumbai
Shares of Aptus Value Housing Finance India (Aptus) slipped 7 per cent to Rs 245.30 on the BSE in Thursday's intra-day trade. In the past two trading days, the stock has dipped 13 per cent after the housing finance company denied merger & acquisition (M&A) talks with Cholamandalam Investment and Finance Company (Chola). Murugappa Group's Chola, too, has denied any interest in buying Aptus.

On Monday, the stock price of Aptus had zoomed 19 per cent to Rs 281.90 on the BSE.

"We hereby confirm that the Company is not part of any such negotiations/events as mentioned in